Morning Ag Markets – Matt Hines
Date: April 15, 2024 Livestock futures all in the red last Friday with nearby contracts steady to higher week over week but all deferred contracts finishing lower for the week. Lean hogs hit new highs midweek as cattle hit new recent lows again on Friday. Inflation continues to keep some pressure on the markets along with the spread of Bovine Influenza A in U.S dairies. Beef and pork prices continued higher for the week, but cash prices pulled back some. Cash feedlot trade dropping another $2 to $4 with TX and KS trade at $182 live and trade in NE and IA $184 to $185 live and $293 to $295 dressed. Weekly closes for livestock futures and meats…April Live Cattle +$.65, June -$.57, April Feeder…